Previous Day Highlights News For The Day

The FBM KLCI ended marginally lower as investors SCIB bags RM80m job remain ing in profit taking activities. The benchmark Sarawak Consolidated Industries (SCIB) has secured an index lost 0.3% or 4.7 points to 1,582.19 dragged down engineering, procurement, construction and by HLFG , KLK & MISC. Market breadth was negative commissioning contract worth an estimated RM80m for with 574 losers vs. 434 gainers. Volume was 4.06bn a hospital project in Johor. – The Star shares valued at RM2.77bn.

Bintai Kinden unit inks collaboration for hemodialysis

On the other hand, key regional markets closed in business in , Southeast positive territory yesterday with the Nikkei 225 and HSI Bintai Kinden Corp via its subsidiary is teaming up with gained 0.33% and 0.24% to 28,543.51 and 26,090.43 hemodialyzer manufacturer Scientillence SB for respective ly. Meanwhile SHCOMP and STI were flattish, hemodialysis business in Malaysia and Southeast Asia. added 0.09% and 0.02% to 6,461.4 and 3,088.43 Executive director Azri Azerai said the partnership will respectively . facilitate the group to tap into the hemodialysis market

as part of its business strategies to widen its range of

Wall Street ended marginally higher yesterday as products and services, including distribution of medical investors geared up for August’s jobs report. The DJIA devices and healthcare solutions in Malaysia. – The Edge and S&P 500 gained 0.37% and 0.28% to end at Markets

35,443.82 and 4,536.95 respectively while Nasdaq rose

0.14% to 15,331.18. Ta Win plans private placement

Ta Win Holdings has proposed a private placement of up

to 20% of issued shares to expand signal and power

solutions business. In a statement, the company said the

exercise was expected to raise up to RM187.8m in

proceeds based on the illustrated issue price of 16 sen per

share. – The Star Our Thoughts

Southern Cable wins RM30m Telekom contract

Major indices on Wall Street rebounded on lower weekly Southern Cable Group has secured a contract worth jobless claims as both the Nasdaq and S&P 500 closed RM30m from Bhd to supply rectifier at record highs again. Meanwhile, the DJI Average systems for its regional hubs. The job was to supply, gained 131 points to inch closer to the 35,500 mark. deliver, install, test and commission rectifier systems, Nonetheless, all eyes will be on the more crucial US job including associated engineering services and data today as this will determine the pace of the Federal accessories for TM’s regional hubs in Peninsular and East

Reserves removal of its easy money policy. Malaysia. – The Star

Domestically, the FBM KLCI continued with its correction

which we deem as healthy. News of prospective easing IHH teams up with Doctors Anywhere to extend digital for the tourism sector may further boost sentiments. healthcare ecosystem

Therefore, we reckon the index to stabilize going IHH Healthcare is collaborating with regional digital forward as foreign funds continue to return. For today, healthcare platform Doctor Anywhere (DA) to offer we see the index to trend within the 1,580-1,590 range. teleconsultations by specialists from its four hospitals in , namely Gleneagles, Mount Elizabeth, Mount Elizabeth Novena, and Parkway East. “Users on DA’s platform will be the first to enjoy affordable medical

advice and second opinion consultations by IHH Singapore specialists for sought after specialties such as orthopaedics, gastroenterology and general surgery (colorectal),” IHH said. – The Malaysian Reserve

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Kenny Yee Shen Pin Head of Research